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Please explain how you got the answer. 34. A lessee had a ten-year finance lease requiring equal annual payments. The reduction of the lease liability
Please explain how you got the answer.
34. A lessee had a ten-year finance lease requiring equal annual payments. The reduction of the lease liability in year 2 should equal a. the current liability shown for the lease at the end of year 1. b. the current liability shown for the lease at the end of year 2 . c. the reduction of the lease liability in year 1 . d. one-tenth of the original lease liability
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